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LPL Woos FAs at Cambridge Investment Research

16:20 12 April in In the News by rafferty

April 12, 2018 By Garrett Keyes, Financial Advisor IQ LPL Financial has made at least one offer to an advisor at Cambridge Investment Research in a bid to poach advisors previously affiliated with the National Planning Holdings, the FA confirms. In August LPL bought NPH’s assets from Jackson National Life for $325 million and has since been enticing advisors within the network to onboard with LPL so that it could hit an onboarding bonus. Anita Ritter, an FA at Cambridge, confirms she was the target of an outreach with the same terms as previous offers to advisors at Cetera Financial, Securities America and Kestra Financial – where many former NPH advisors went after the sale.The offer made to Ritter – and other advisors – is 50 basis points on assets for joining LPL’s RIA...

LPL Targets Cetera, Securities America and Kestra Advisors with Aggressive Recruiting Package

19:27 10 April in In the News by rafferty

April 10, 2018 By Diana Britton, WealthManagement.com To boost recruiting, LPL is offering some advisors from rival firms up to 50 basis points on all assets. LPL Financial is sweetening the recruitment deal for advisors who join from rival independent broker/dealers Cetera Financial, Securities America and Kestra Financial, offering advisors 50 basis points on assets if they join the firm’s corporate RIA and 40 basis points on assets to join hybrid offices of supervisory jurisdiction (OSJs). The incentives are in the form of forgivable notes. The enhanced recruitment package, which takes the form of a forgivable note, was announced about a week ago, according to sources familiar with the promotion. Advisors from these firms who join LPL’s corporate RIA will also get a 93 percent payout for five years as further enticement. The firm is not...

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Why the Dollar’s Era of Dominance May Be Coming to an Abrupt End

17:16 09 April in Articles Written by Jon Henschen by rafferty

April 6, 2018 By Jon Henschen, Intellectual Takeout There was a monumental event that occurred on March 26 that came and went with little fanfare but has huge implications for our everyday life. On that day, China began trading Petroyuan Futures in competition with the Petrodollar Futures. To fully understand the context of this event, it helps to go over what has historically backed the US dollar. From 1792-1843, the United States monetary policy was founded upon a bimetallic dollar, convertible to either gold or silver. With the start of the Civil War until 1879, the United States, even though still committed to a bimetallic dollar standard, was functionally on a silver standard. Between 1870 and 1879, countries like France and Germany embraced gold monometallism, ending the coinage of silver in 1873 in...

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Van Law to Step Down as Head of Raymond James’ RIA Group

20:25 22 March in In the News by rafferty

March 22, 2018 By Janet Levaux, ThinkAdvisor The departure is ‘surprising news,’ recruiter Jon Henschen says.   Raymond James says that Bill Van Law, president of the Investment Advisors Division, will be leaving the firm on April 2 to “pursue other personal and professional interests.” Van Law, who has been leading Raymond James’ efforts to attract registered investment advisors, is a 15-year veteran with the firm, which is now searching for his replacement. “Bill has had significant impact on our Private Client Group businesses, including the growth and success of the Investment Advisors Division,” said Chairman & and CEO Paul Reilly. “We are grateful for his many contributions and wish him well with his future endeavors.” Van Law joined Raymond James in 2003 after spending 18 years at Merrill Lynch (1984-2002), where he served in various leadership...